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A minor nitpick, it’s not so much a labour shortage as a wage shortage. Clearly the workers are there, shown clearly by them taking jobs when paid better.
by lucian1900 5y ago
A minor nitpick, it’s not so much a labour shortage as a wage shortage. Clearly the workers are there, shown clearly by them taking jobs when paid better.
- lotsofpulp 5y agoA useful definition of labor shortage would be when there exists no one(s) that can perform a certain task in a certain area, such as not having a specific type of doctor in a rural setting. The learning curve for warehouse work is very low, so if you cannot find someone that can do it, you are either in a geriatric community or you are not offering attractive wages (so wage shortage is more accurate than labor shortage). Although wage shortages can lead to labor shortages years down for tasks that have high learning curves.
- everybodyknows 5y ago>you are not offering attractive wages IOW, not competitive in a free market in labor. Employers who talk about free markets have less enthusiasm when it hits the expense side of their P&L.